MSE News: Credit and debit card charges banned from Saturday - what you need to know
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I renewed the tax on our Yaris on Monday 8th, and they said that it would cost an extra £2.50 to pay by credit card. As the renewal was only £20, that's a wopping 12.5%! Needless to say, I paid by debit card...Jumbo
"You may have speed, but I have momentum"0 -
Well I guess this explains why the TV Licencing website is currently down (I tried to log in earlier to pay the TV licence). They must be updating the site to take account of these changes.
I shall be interested to see if I can pay by CC without paying extra, or if the option will be gone entirely (have paid by Debit Card up til now).If your dog thinks you're the best, don't seek a second opinion.;)0 -
What exactly does that signify?
Three call it a discount for paying by DD. Not the same as a surcharge, but their £5 non-DD fee is essentially a surcharge which can be 25%-100% of your phone bill.
Not clear cut.DonnySaver wrote: »My sandwich shop charges 50p for using a card if the price is below £5. Will they be able to continue doing this?does this apply to businesses as small as corner shops?
In my experience they are often the worst offenders for adding card charges- absorbing the card fees
- increasing prices across the board
- refusing to take card payments at all
- or potentially ignoring the new regulations (perhaps even refusing to serve objectors).
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It's an EU directive, but we know with some EU directives, there could be 28 different dates for implementing a directive via 28 new local laws throughout EU - anyone know if it'll actually be an instantaneous implementation throughout EU and/or EEA, or will Netherlands (as lupus suggests) and others still be looking to discriminate against "foreign" cards for some time yet?0
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Having been on holiday to the Netherlands, I worry about which way this might go. In many (possibly most?) shops, they only accept Debit cards. However, they mean some Dutch only scheme of debit cards which require you to have an account with a Dutch bank. Debit cards using the Visa or Mastercard systems (which is now most cards from UK banks) aren't accepted. Nor are credit cards at all.
The Dutch are not so foolish to believe they would be getting something for nothing that nobody pays for and nobody uses a credit card. So those cards are simply rejected by the card terminals, except in tourist areas and department stores etc where the prices support the cost.Evolution, not revolution0 -
It's an EU directive, but we know with some EU directives, there could be 28 different dates for implementing a directive via 28 new local laws throughout EU - anyone know if it'll actually be an instantaneous implementation throughout EU and/or EEA, or will Netherlands (as lupus suggests) and others still be looking to discriminate against "foreign" cards for some time yet?
13 January is the latest date by which member states must bring the directive into law.
Some states could have chosen to enact some of the provisions earlier.
The UK has gone beyond the requirements of the directive by treating Amex and PayPal the same as EU credit cards.0 -
we should all already know that in the UK if there is a way to rip customers off, businesses will find it and exploit it! and usually, in cases such as this, the 'new charge' will be higher than the old charge that has just been banned! you cant beat living in a great country!!
I doubt it's from any philanthropic position, more likely to attract potential custom away from the major opposition who do impose such surcharges.
Nevertheless, no complaints - if you use a cashback credit card through a cashback linked website you can enjoy a "triple play" nice little earner !!!0 -
13 January is the latest date by which member states must bring the directive into law.
Some states could have chosen to enact some of the provisions earlier.
The UK has gone beyond the requirements of the directive by treating Amex and PayPal the same as EU credit cards.0 -
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It depends what you mean by discriminating. No business is going to forced to accept a particular type of payment.0
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